What’s my Solana Beach Home Worth? Market Report for August 2019

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Real Estate Agent with Solutions Real Estate CA DRE #01490977

What’s the Value of my Solana Beach Home?

Solana Beach Real Estate Market Report for August 2019

 

Solana BeachSolana Beach is an affluent coastal town south of Encinitas and Cardiff, and one of the more expensive coastal communities in North San Diego County.

 

Understanding recent trends and current market conditions is essential so buyers and sellers can make informed decisions about buying or selling Solana Beach Homes for Sale.

 

READ MORE about the Solana Beach Community:

Solana Beach Real Estate

 

The following data are taken from the San Diego MLS for Solana Beach home listings and sales (private sales are not included, nor are multifamily properties or mobile/manufactured housing). The data are believed to be reliable at the time this report was published, but are not guaranteed.

 

In August 2019 there were 18 Solana Beach homes sold, the same as last month. Here are the highlights:

 

Detached Homes Sold
9 (up 29%), 45 Days on Market, Average Sales Price $1,895,951 (down 19%), Average sale 97% of original asking price

Attached Homes (condos, town homes, twin homes) Sold
9 (down 18%), 88 Days on Market, Average Sales Price $1,095,666 (up 27%), Average sale 94% of original asking price

 

Overall sales volume in the Solana Beach housing market for August did not shift, but there were 2 more detached homes sold, and 2 fewer attached homes sold compared to last month. The average sales price decreased substantially for detached homes, in large part due to the sale of 3 homes for more than $2M, with 1 at $7.8M last month that had raised the average; there was a significant increase in average sales price for attached single family homes, with 4 homes selling at over $1.1M. Average marketing time increased for both detached and attached homes.

 

Buyers were able to negotiate their sales prices down from original list price, on average 3 - 6%. However, 6 home buyers (33%) paid asking price or better for their new homes. 33% of the homes sold for cash, compared to 44% last month.

 

Solana Beach townhomes

 

The median sales price of a detached home was $1,900,000 (up 46%), and $967,000 (up 26%) for attached. Given the small number of sales, one should not draw any firm conclusions about pricing trends over just a 1-month period.

 

At the end of August 2019 there were 62 homes for sale in Solana Beach, 9% more than last month. There was 1 contingent listing, compared to 0 for the last 4 months (these are typically short sale or REO homes with offers being reviewed by lenders and considered active although some may be first right of refusals due to offers that are contingent). This home was a first right of refusal.

 

Solana Beach has a housing inventory of 4 months for attached homes (up from 2.9 months last month) and 3.4 months for detached (down from 3.9 months last month) based on the current rate of sales over the last 3 months. At this time the housing market favors sellers for attached and detached single family homes.

 

In August 30 new listings hit the Solana Beach real estate market, an 11% increase from July; in contrast, the number of homes going pending (excluding homes that sold in August) declined, by 7, to 13 (down 35%).

 

Please give me a call at (760) 840-1360 so we can discuss your housing needs and budget, and any questions you have about the market and how local market conditions affect your buying and selling needs and plans. Then we can create a strategy to help you buy and/or sell your Solana Beach home in 2019.

 

SEARCH FOR SOLANA BEACH DETACHED HOMES FOR SALE

SEARCH FOR SOLANA BEACH CONDOS FOR SALE

 

READ MORE:

What’s my Solana Beach Home Worth? Solana Beach Market in July 2019

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Rainmaker
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Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeff Dowler, CRS

Buyers and sellers alike need the help of a professional like you to be in their court. The Solana Beach market needs an expert. Buyers and sellers can't do this on their own. Call Jeff, he will make sure you get the best deal.

Sep 16, 2019 05:21 PM #1
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the vote of confidence, Sheri Sperry - MCNE® . It can be a challenging market and buyers and sellers definitely can use guidance.

Jeff

Sep 16, 2019 08:09 PM #2
Rainmaker
2,560,363
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

This is valuable real estate market information for folks buying or selling homes in Solana Beach, Jeff.

Sep 18, 2019 02:21 AM #3
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